Hangzhou Tigermed Consulting Co (SZSE:300347) Receivables Turnover : 1.34 (As of Mar. 2024)

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What is Hangzhou Tigermed Consulting Co Receivables Turnover?

The Receivables Turnover ratio measures the number of times a company collects its average accounts receivable balance. It is calculated as Revenue divided by average Accounts Receivable. An efficient company has a higher accounts receivable turnover ratio while an inefficient company has a lower ratio. Hangzhou Tigermed Consulting Co's Revenue for the three months ended in Mar. 2024 was ¥1,660 Mil. Hangzhou Tigermed Consulting Co's average Accounts Receivable for the three months ended in Mar. 2024 was ¥1,235 Mil. Hence, Hangzhou Tigermed Consulting Co's Receivables Turnover for the three months ended in Mar. 2024 was 1.34.

Hangzhou Tigermed Consulting Co Receivables Turnover Historical Data

The historical data trend for Hangzhou Tigermed Consulting Co's Receivables Turnover can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Hangzhou Tigermed Consulting Co Receivables Turnover Chart

Hangzhou Tigermed Consulting Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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4.83

7.15

8.02

7.71

6.45

Hangzhou Tigermed Consulting Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Receivables Turnover	Get a 7-Day Free Trial															1.71	1.67	1.63	1.42	1.34

Competitive Comparison of Hangzhou Tigermed Consulting Co's Receivables Turnover

For the Diagnostics & Research subindustry, Hangzhou Tigermed Consulting Co's Receivables Turnover, along with its competitors' market caps and Receivables Turnover data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Hangzhou Tigermed Consulting Co's Receivables Turnover Distribution in the Medical Diagnostics & Research Industry

For the Medical Diagnostics & Research industry and Healthcare sector, Hangzhou Tigermed Consulting Co's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Hangzhou Tigermed Consulting Co's Receivables Turnover falls into.

Hangzhou Tigermed Consulting Co Receivables Turnover Calculation

Receivables Turnover measures the number of times a company collects its average accounts receivable balance.

Hangzhou Tigermed Consulting Co's Receivables Turnover for the fiscal year that ended in Dec. 2023 is calculated as

	Receivables Turnover (A: Dec. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Dec. 2023 )	/ (	(Accounts Receivable (A: Dec. 2022 )	+	Accounts Receivable (A: Dec. 2023 ))	/	count )
=	7384.039	/ (	(1027.789	+	1260.7)	/	2 )
=	7384.039	/	1144.2445
=	6.45

Hangzhou Tigermed Consulting Co's Receivables Turnover for the quarter that ended in Mar. 2024 is calculated as

	Receivables Turnover (Q: Mar. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Mar. 2024 )	/ (	(Accounts Receivable (Q: Dec. 2023 )	+	Accounts Receivable (Q: Mar. 2024 ))	/	count )
=	1660.204	/ (	(1260.7	+	1209.165)	/	2 )
=	1660.204	/	1234.9325
=	1.34

Hangzhou Tigermed Consulting Co (SZSE:300347) Receivables Turnover Explanation

An efficient company has a higher accounts receivable turnover ratio while an inefficient company has a lower ratio. This metric is commonly used to compare companies within the same industry to check whether they are on par with their competitors.

Hangzhou Tigermed Consulting Co Receivables Turnover Related Terms

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Hangzhou Tigermed Consulting Co (SZSE:300347) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Diagnostics & Research » Hangzhou Tigermed Consulting Co Ltd (SZSE:300347) » Definitions » Receivables Turnover

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HNGZY:USA 03347:Hong Kong

Address

Block 8, No. 19 Jugong Road, Room 2001-2010, 20th Floor, Xixing Sub-District, Binjiang District, Hangzhou, CHN, 310053

Website

https://www.tigermed.net

Hangzhou Tigermed Consulting Co Ltd is a China-based Contract Research Organization. The company's segment includes Clinical trial solutions and Clinical-related and laboratory services. It generates maximum revenue from the Clinical trial solutions segment. The company's offered services include bioanalytical, medical writing, biostatistics analysis, and medical imaging. The therapeutic areas of the company include Infections, Hematology, Cardiovascular, Endocrinology, Rheumatology, Nephrology, and Central Nervous System (CNS) among others.

Executives

	Directors, executives
Cao Xiao Chun	Directors, executives
	Executives
Ye Xiao Ping	Director
Shi Xiao Li	Supervisors
Wang Xiao Bo	Supervisors
Li Xiao Ri	Securities Affairs Representative
Xu Jia Lian	Executives
Gong Yan Hua	Director

Hangzhou Tigermed Consulting Co (SZSE:300347) Headlines

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